Axiology

Axiology, from the Greek axia (αξια, value, worth), is
the study of value or quality. It is often thought to include ethics and
aesthetics--philosophical fields that depend crucially on notions of
value--and sometimes it is held to lay the groundwork for these fields, and
thus to be similar to value theory and meta-ethics. The term was in the 19th
and early 20th centuries, but in recent decades, value theory has tended to
replace it in discussions of the nature of value or goodness in general.

One area in which research continues to be pursued is so-called formal
axiology, or the attempt to lay out principles regarding value with
mathematical rigor.

The term is also used sometimes in economics.

A popular work by Robert M. Pirsig, Zen and the Art of Motorcycle
Maintenance, introduced the term "axiology" to a general audience, although
not in any technical context.

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